Mittelstandspresse
12.11.2026
Mexico's Mining Sector Advances Silver Projects
Herisau, 12.11.2026 (PresseBox) - Mexico remains a leading silver-producing country. Discovery Mining has obtained key environmental permits for Cordero; GoGold is developing Los Ricos South.
Advertisement – On behalf of Discovery Mining Ltd. and GoGold Resources Inc. SRC swiss resource capital AG has paid investor relations consulting agreements with both companies. Author: Ingrid Heinritzi. First published: November 12, 2026, 14:47 p.m. Berlin/Zurich.
+++Mexico is one of the leading silver-producing countries+++
Dear Readers,
Mexico, a major mining nation, is a global powerhouse in silver: The U.S. Geological Survey estimates mine production in 2025 at 6,300 metric tons. This places Mexico at the top of the global rankings. Gold, copper, lead, and zinc round out the country’s range of minerals.
In the silver sector, the precious and base metals markets often overlap. According to the USGS, silver is primarily extracted as a byproduct of lead-zinc, copper, and gold mining. Polymetallic deposits account for more than two-thirds of global silver resources. Consequently, the profitability of many projects is influenced by the prices of multiple metals.
The USGS estimates global silver mine production for 2025 at 26,000 metric tons. Mexico’s estimated share thus amounts to approximately 24 percent. This position explains the country’s importance for new silver projects.
Discovery Mining Continues to Develop Cordero
Discovery Mining - https://www.commodity-tv.com/ondemand/companies/profil/discovery-silver-corp/ - holds a 100 percent interest in Cordero in Chihuahua. According to a quarterly report dated November 10, the project received the land-use change permit on September 28 and the MIA environmental impact permit from SEMARNAT on October 5. This marks the completion of the federal environmental permitting process.
Discovery is updating the capital and operating cost estimates from the 2024 feasibility study and has announced that results will be released in the coming months. The Canadian Porcupine operation produced 70,564 ounces of gold in the third quarter, about 12 percent more than in the previous year.
GoGold is developing Los Ricos South
GoGold Resources - https://www.commodity-tv.com/ondemand/companies/profil/gogold-resources-inc/ - operates Parral in Chihuahua. According to the company, 1,000,242 ounces of silver, 11,647 ounces of gold, 326 metric tons of copper, and 466 metric tons of zinc were produced there during the fiscal year ending September 30, 2026. Silver production rose by about 18 percent compared to the previous year, while gold production fell by about five percent.
At Los Ricos South in Jalisco, GoGold announced on June 8 that it had obtained the necessary SEMARNAT construction permits. Construction began in August. On September 22, the company confirmed that the first silver pour is targeted for the second quarter of 2028.
Conclusion: Projects Reach Important Milestones
Mexico’s silver mining sector offers a well-established framework for both companies. Discovery is set to release updated cost estimates for Cordero, while GoGold is expected to report further construction progress.
Latest company information and press releases:
https://www.resource-capital.ch/de/unternehmen/discovery-mining-ltd/
https://www.resource-capital.ch/de/unternehmen/gogold-resources-inc/
For further information, see our Precious Metals Report:
https://www.resource-capital.ch/de/reports/ansicht/edelmetall-report-2026-03/
And our Battery Metals Report:
https://www.resource-capital.ch/de/reports/ansicht/batteriemetall-report-2026-03/
Best of luck and warm regards from Switzerland,
Yours,
Marc Ollinger
Swiss Resource Capital AG
Swiss Resource Capital AG at a glance:
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Sources: USGS, Mineral Commodity Summaries 2026, Silver, May 2026 edition · Discovery Mining, Quarterly Results, November 10, 2026 · GoGold, SEMARNAT Permits, June 8, 2026 · GoGold, Construction Progress, September 22, 2026 · GoGold, Annual Production, October 14, 2026; Cover Image: AI-generated symbolic illustration
Transparency and Conflicts of Interest
Producer and Publisher: SRC swiss resource capital AG, Poststrasse 1, 9100 Herisau, Switzerland. Author: Ingrid Heinritzi. Issuers: Discovery Mining Ltd. and GoGold Resources Inc. This article is produced as part of paid investor relations consulting agreements with both companies. These paid relationships constitute a financial interest in positive coverage. The author and SRC do not hold any positions in the issuers discussed. Issuers’ stake in SRC of at least 5 percent: no. Market-making, lead/co-lead manager, and investment banking relationships: no. Other relevant interests: none. Prior review by the issuers: The issuers did not receive the article in advance for review and/or approval. Applicability of Section 18(2) MStV / responsible person: Marc Ollinger, CEO of SRC.
Methodology and Risks
Source date: November 11, 2026. Original public sources were cross-checked; company information has not been independently verified. No independent data verification, feasibility study, or company valuation was conducted. The technical details in the Discovery announcement were reviewed and approved by Johannes (Gertjan) Bekkers, P.Eng., and Eric Kallio, P.Geo., both senior officers of the company. Robert Harris, P.Eng., is named as the Qualified Person for GoGold’s Parral production announcement. The construction announcement dated September 22 explicitly states that Bob Harris, P.Eng., is not independent. The QP designation does not imply any review or approval of this article. Corporate objectives are forward-looking statements and may differ materially from actual results. Metal prices, financing, exchange rates, permits, water availability, safety, and construction and operating costs can significantly affect results. A total loss of invested capital is possible. The AI-generated cover image does not depict an actual facility or project of the issuers.
Disclosures and Liability
Paid marketing communication; not an independent financial analysis, individual investment advice, or solicitation to buy; not an offer of securities or a recommendation to purchase. Personal investment circumstances are not reviewed. Liability is limited only to the extent permitted by law; mandatory liability and claims remain unaffected. External websites are the responsibility of their respective operators; their own legal liability remains unaffected. AI was used for research, editing, and the cover image. Editorial responsibility and final human review remain with SRC. © 2026 SRC swiss resource capital AG. Redistribution requires consent or legal authorization.
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Mexico's Mining Sector Advances Silver Projects
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